Negotiating an Offer in Compromise in San Diego
Updated: Apr 18, 2019
San Diego Offer in Compromise An IRS settlement agreement submitted through the Offer in Compromise program (OIC) gives the IRS the authority to lessen outstanding tax tax debt, including fees and interest, for less in relation to the total tax due.
That is definitely the simplest way to decrease the level of tax debt you have, frequently times up to even 85% and 90%! Believe it or not, the truth is we our IRS tax relief team have had many clients who have paid as little as $100 to $500 to settle their tax debt. A successful Offer in Compromise (#OfferinCompromise) can literally mean the difference between surviving the ordeal or not in fiscal terms, in the event you owe a substantial amount.
A quick word "to the wise" about Applying for an Offer in Compromise:
One thing that we know for sure seen is taxpayer / citizens who try to negotiate an Offer in Compromise agreement (#IRSsettlementagreement) without any legal counsel have less than good chance of success.
TAXPAYERS WHO DO THEIR OWN OFFER IN COMPROMISE HAVE ONLY A 30% CHANCE OF SUCCESS.
The only thing our IRS tax relief firm can do is inform. After that, it's all up to you. PER 2016 STATISTICS, THE IRS APPROVED APPROX. 42% OF THE 80,000 OFFER IN COMPROMISE SETTLEMENTS SUBMITTED.
Whether you go with a different tax aid firm, or hire the IRS Tax Attorneys at Flat Fee Tax Service, Inc., please do not try and negotiate your own IRS settlement agreement. You need expert help to make certain you don’t sabotage your own case. FLAT FEE TAX SERVICE, INC. CLIENTS HAVE HAD A 90% IRS SETTLEMENT SUCCESS RATE.
WHY DO OUR IRS TAX ATTORNEYS HAVE SUCH A HIGH RATE OF SUCCESS? THE ANSWER IS THIS: WE DON'T "SLING BALONEY" TO OUR CLIENTS. IF YOU QUALIFY - YOU DO
IF YOU DON'T QUALIFY - YOU DON'T.
IT'S THAT SIMPLE.
To request an Offer in Compromise arrangement depending on doubt of collectibility means you can't pay your tax debt. This is the NUMBER 1 reason to have an Offer in Compromise approved. That is usually an extremely tough conclusion to negotiate by yourself because the IRS has a financial formula that is the basis of all settlement approvals. A regular taxpayer citizen doesn't know the Offer in Compromise rules and most likely will get "steamrolled" by the IRS. We urge discussing with an experienced tax relief expert before trying anything.
What Determines "Doubt as to Collectibility"?
Before requesting an IRS settlement agreement for this reason, taxpayers must lack the ability to cover their tax debt by liquidating all assets, or meeting with the guidelines for an Installment Agreement.
The IRS Procedure of Determining Offer in Compromise Eligibility:
The basic component used by the IRS to determine exactly what a taxpayer can or cannot pay is this:
The IRS will evaluate the worth of assets possessed, and asset evaluation. The IRS will want to know the current value of assets if sold today. The IRS will put a cash value to it and weigh it against the totality of your tax debt. These assets include property, vehicles, boats, home furnishings, investments, retirement savings, and any other properties of value.
YOU REALLY SHOULD HAVE AN IRS TAX ATTORNEY HANDLE YOUR OFFER IN COMPROMISE.
When reviewing your request to close your case as Currently Not Collectible (CNC) or a complete IRS settlement agreement, IRS Examiners determine the value of your assets, your future earning capacity, and any assets available to you personally that are beyond the range of the government.
Asset values can be argued, questioned and adjusted based on conditions, and usually a reasonable compromise can be reached if you have experienced tax relief representation.
If you aren't eligible and qualified to settle your tax debt,the Internal Revenue Service may wish to establish how much a taxpayer citizen could pay monthly on a five-year payment arrangement. They’ll consider many factors like work status, health, age, and instruction to predict the probability of future income increases.
FLAT FEE TAX SERVICE, INC, CAN DETERMINE WHETHER OR NOT YOU ARE ELIGIBLE AND QUALIFIED TO SETTLE WITH THE IRS DURING
OUR FREE CONSULTATION WITH YOU.
FLAT FEE TAX SERVICE, INC.
DOING GREAT WORK